Premier Insurance company has shown impressive growth in profit by 46 percent in the fourth quarter of the fiscal year 2075/76. The insurance has earned a profit of Rs. 24.56 crores. The profit stood at Rs. 16.79 crores in the previous fiscal year.

Although the profit rose by 46 percent, the total premium grew by only 6.67 percent. The company collected a total premium of Rs. 164.99 crores. On the other hand, the net premium has slightly declined to Rs. 80.81 crores.

Premier Insurance paid a net claim of Rs. 48.91 crores, up from Rs. 42.01 crores in the previous year. Similarly, the outstanding claim stands at Rs. 193.61 crores. The outstanding claim has increased by a massive 87 percent.

The paid-up capital is Rs. 107.46 crores after the issue of 84 percent bonus from last fiscal year. Therefore, the reserve has drastically declined by 76 percent to Rs. 15.73 crores. The insurance fund of the company stands at Rs. 48.64 crores.

Until the fourth quarter of the fiscal year 2075/76, Premier Insurance has made a total investment of Rs. 256.13 crores.

As per the report, the EPS is Rs. 22.86. Likewise, the net-worth per share is Rs. 164.05.

The fourth-quarter report of Premier Insurance is summarized in the table below: